Celonis

Celonis SE is a [3][4] German data processing company that offers software as a service (SaaS) to improve business processes.[5] It is headquartered in Munich, Germany and New York, United States.[4][3][6]

Celonis SE
TypePrivate company
IndustryEnterprise Software, Cloud Computing, SaaS
Founded2011[1]
Founders
  • Alex Rinke (Co-CEO)
  • Bastian Nominacher (Co-CEO)
  • Martin Klenk (CTO)
[2]
Headquarters
Number of locations
17 (2021[2])
Area served
Worldwide
Number of employees
3,000+ [2]
Websitecelonis.com

History

Celonis was founded in 2011 by Alex Rinke, Bastian Nominacher, and Martin Klenk as a spin-off from the Technical University of Munich (TUM).[1] In 2012, Celonis joined the SAP Startup Focus program,[7] an accelerator for analytics startups building new applications on the SAP HANA platform.[8]

In July 2015, Celonis signed a reseller agreement with SAP.[9] Celonis has since been offered by SAP as Celonis Process Mining by SAP.[10] Celonis was the first company from the SAP Startup Focus program to sign a reseller agreement with SAP.[11]

Funding

In June 2016, Celonis received $27.5m in series A funding led by 83North and Accel.[12]

In June 2018, Celonis received a further $50m in series B funding at a valuation of $1bn. The funding round was led by 83North and Accel.[13]

In November 2019, Celonis closed $290m in series C funding at a valuation of $2.5bn.[14]

In June 2021, Celonis raised a $1bn series D investment at $11bn valuation, becoming New York’s and Germany’s most valuable startup as per Forbes.[15]

In August 2022, it is announced that Qatar's sovereign wealth fund Qatar Investment Authority has joined Celonis as the leader of the US$400 million Series-D expansion, which was already completed in June 2021, in the amount of US$1 billion, bringing the company's valuation to around US$13 billion.[16]

Acquisitions

In April 2019, Celonis bought the Belgian software company Banyas for an undisclosed amount.[17] Banyas technology was integrated into the Celonis platform to enable real-time connectivity to SAP.[18]

In October 2020, Celonis acquired Czech software startup Integromat.com for "over $100M".[19] Integromat, which has since changed its name to Make,[20] sells an integration platform (iPaaS).[21]

In October 2021, Celonis acquired London/Athens-based software company with over 100 employees Lenses.io, which is specializes in real-time streaming data tools.[22]

In March 2022, Celonis acquired the Darmstadt-headquartered Process Analytics Factory GmbH (PAF), a company that provides process mining insights within the Microsoft Power Platform, for $100 million.[23][24]

Products

In October 2020, Celonis launched its Execution Management System (EMS),[25] a process analysis tool.[26]

References
  1. "CELONIS - from start-up to world market leader". Technical University of Munich - School of Management. December 3, 2019. Retrieved November 6, 2020.
  2. "Company". Celonis. Archived from the original on August 17, 2018. Retrieved July 9, 2021.
  3. "Celonis Continues Global Expansion with Opening of New Madrid Hub". celonis.com. September 17, 2022.
  4. "Celonis Continues High-Growth Expansion in the Nordics". celonis.com. November 2, 2020.
  5. Rasch, Michael (July 2, 2021). "Decacorn Celonis: Der neue Stern in der Startup-Szene" [The new highlight in the startup scene: The software company Celonis is the first German Decacorn]. Neue Zürcher Zeitung (in German).
  6. "Celonis | Legal". Celonis. Retrieved October 8, 2022.
  7. Magazin, E.-3 (June 28, 2017). "Process Mining mit künstlicher Intelligenz". E-3 Magazin (in German). Retrieved November 9, 2020.
  8. "SAP Startup Focus Drives Enterprise Innovation, Exceeds 5,500 Startup Members". SAP News Center. May 2, 2017. Retrieved November 9, 2020.
  9. "Fast-growing German software start-up Celonis raises first outside funds". Reuters. June 7, 2016. Retrieved April 26, 2023.
  10. "SAP wordt reseller van Celonis process mining software | Dutch IT-channel". dutchitchannel.nl (in Dutch). Retrieved November 9, 2020.
  11. "Per Bootstrapping zum globalen SAP-Partner". Gründerszene Magazin (in German). September 17, 2015. Retrieved November 9, 2020.
  12. "Celonis takes $27.5M led by Accel, 83North to grow the market for big data process mining". TechCrunch. Retrieved November 6, 2020.
  13. "Celonis scores $50M Series B on $1B valuation". TechCrunch. June 26, 2018. Retrieved November 6, 2020.
  14. "Celonis raises $290 million for AI-powered process mining at $2.5 billion valuation". VentureBeat. November 21, 2019. Retrieved November 6, 2020.
  15. "Celonis Raises $1 Billion At $11 Billion Valuation, Making It New York's —And Germany's — Most Valuable Startup". Forbes. June 2, 2021. Retrieved October 18, 2021.
  16. "Qatar Wealth Fund Invests in Celonis at $13 Billion Valuation". Bloomberg.com. August 23, 2022. Retrieved August 25, 2022.
  17. "Celonis process mining edges toward autonomous enterprise". SearchERP. Retrieved November 6, 2020.
  18. "Celonis pushes beyond process mining into automated workflow tooling". TechCrunch. Retrieved November 6, 2020.
  19. "Celonis acquires Czech startup Integromat to accelerate move to process automation". TechCrunch. Retrieved November 6, 2020.
  20. "Integromat evolves to Make - our new brand and flagship platform". Make, formerly Integromat. Archived from the original on August 30, 2022.
  21. "Online Automation Platform Integromat Records 10X Growth With Emphasis on Project Management & Community Marketing". BW people. July 28, 2020. Archived from the original on July 29, 2020. Retrieved November 9, 2020.
  22. "Greek DataOps Startup Lenses gets acquired by enterprise software giant valued at $11B". The Recursive. October 6, 2021. Retrieved October 18, 2021.
  23. "Celonis acquires PAF to bring deep process mining capabilities closer to Microsoft users". diginomica.com. March 29, 2022. Retrieved March 29, 2022.
  24. Charlotte Trueman (July 6, 2022). "Noteworthy tech acquisitions 2022". Computer World. Retrieved July 24, 2022.
  25. "German software firm Celonis launches the market's first EMS". aeresearch.net. October 16, 2020. Retrieved November 10, 2020.
  26. "Celonis onthult het eerste Execution Management System in de industrie". Emerce (in Dutch). October 16, 2020. Archived from the original on October 20, 2020. Retrieved November 10, 2020.
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